Slight Increase in USD Exchange Rate Against Egyptian Pound

The exchange rates for foreign currencies in the Egyptian market witnessed slight changes today, with the US dollar rising by 0.08% to reach 51.74 EGP for selling, and 51.02 EGP for buying, according to Bakam data.

Regarding Gulf currencies, the Saudi Riyal was priced at 13.6 EGP for buying and 13.8 EGP for selling, while the Kuwaiti Dinar recorded 165.67 EGP for buying and 168.0 EGP for selling. As for the UAE Dirham, it was priced at 13.89 EGP for buying and 14.09 EGP for selling.

Concerning European currencies, the British Pound stood at 68.99 EGP for buying and 69.96 EGP for selling, while the Euro reached 59.17 EGP for buying and 60.0 EGP for selling.

These changes occur amid a relative stability in the Egyptian currency market, with forecasts suggesting this balance might continue in the coming days, while observing the effects of global markets on the local exchange rate.